Institution: Massachusetts Pension Reserves Investment Management Board
Headquarters: Boston, United States
Allocation to alternatives: 24.50%
Massachusetts Pension Reserves Investment Management Board has agreed to commit $200 million to DivcoWest Fund VI, a contact at the pension informed PERE. The value-add vehicle will be targeting assets in growth-orientated markets across the US.
The $76 billion US public pension has a 10.0 percent target allocation to real estate which currently stands at 9.40 percent.
As illustrated below, PRIM is a repeat investor to this fund series having previously also committed to funds III through V. Altogether, the pension has committed $400 million to DivCoWest’s flagship series.
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